Get started

ENRC sells Northam Platinum stake for $203m

ENRC has sold its 13% stake in Northam Platinum for ZAR2.5 billion ($203 million), the South African platinum producer said on Tuesday March 10.

March 10, 2015
By Generic people page
Base metals Copper

ENRC has sold its 13% stake in Northam Platinum for ZAR2.5 billion ($203 million), the South African platinum producer said on Tuesday March 10.

The Kazakh-based miner conducted a strategic review and concluded that the stake was a non-core asset, Northam said.

The stake was written down by $120 million in early 2013 as ENRC announced various impairments.

“Prior to this announcement, ENRC held 51,732,782 ordinary shares in Northam constituting approximately 13.01% of Northam’s issued share capital […] the entire ENRC stake was placed at a price of ZAR48.25 per Northam share, representing a total transaction value of approximately ZAR2.5 billion,” Northam said.

ENRC, which makes products including copper, ferro-alloys and cobalt, delisted from the London Stock Exchange at the end of 2013 when it was bought out by its founding shareholders, becoming part of Eurasian Resources Group.

Janie Davies 
jdavies@metalbulletin.com
Twitter: @janiedavies_mb 

What to read next
Fastmarkets to include EU CBAM costs with premiums for secondary aluminium billet ddp Europe, primary aluminium billet in-whs Rotterdam: pricing notice
Fastmarkets will include EU Carbon Border Adjustment Mechanism (CBAM) costs in its secondary aluminium billet premium, ddp Europe (MB-AL-0383) and its primary aluminium 6063 extrusion billet premium, in-whs dp Rotterdam (MB-AL-0002) assessments from January 1, 2026, when the definitive period of the EU’s CBAM is set to begin. The inclusion of CBAM costs with MB-AL-0383 and MB-AL-0002 will enable […]
December 1, 2025
 · 
By Fastmarkets pricing team
The Copper Crossroads: Key takeaways from Fastmarkets’ webinar on 2026 market outlook
Gain valuable insights into the copper market outlook 2026, including key trends and challenges facing mines and smelters next year.
November 28, 2025
 · 
By Julienne Raboca
Fastmarkets launches European aluminium scrap shredded old sheet (Taint/Tabor) price assessment
Fastmarkets launches a price assessment for MB-AL-0426 aluminium scrap, old sheet (Taint/Tabor), shredded and sorted, delivered consumer Europe, % of LME, on Friday November 28.
November 28, 2025
 · 
By Fastmarkets pricing team
Delayed publication of zinc SHG min 99.995% ingot premium, dp fca Antwerp
Fastmarkets’ pricing database has been updated. The publication of the affected price was delayed for 1 hour and 43 minutes. The following assessment was published late: MB-ZN-0099 Zinc SHG min 99.995% ingot premium, dp fca Antwerp, $/tonne This price is a part of the Fastmarkets base metals package. For more information or to provide feedback on […]
November 25, 2025
 · 
By Fastmarkets pricing team
Delayed publication of aluminium P1020A premium, in-whs dp Rotterdam
Fastmarkets’ pricing database has been updated. The publication of the affected price was delayed for 1 hour and 43 minutes. The following price was affected: MB-AL-0004 Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne This price is a part of the Fastmarkets’ base metals package. For more information or to provide feedback on the delayed publication of […]
November 25, 2025
 · 
By Fastmarkets pricing team
Delayed publication of aluminium P1020A (MJP) spot premium, CIF Japan: pricing notice
The publication of Fastmarkets’ MB-AL-0343 Aluminium P1020A (MJP) spot premium, cif Japan, for Wednesday November 19 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following price was affected:MB-AL-0343 Aluminium P1020A (MJP) spot premium, cif Japan This price is a part of the Fastmarkets base metals package. For more information or […]
November 20, 2025